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South Korea MOF seeks comments on further extension of reduced tax rates on petroleum products

  • South Korean Ministry of Strategy and Finance is seeking comments on extending reduced tax rates on petroleum products
  • Proposed extension of reduced tax rate for butane until Feb. 29, 2024
  • Proposed application of reduced tax rates for natural gas from Jan. 1, 2024, through June 30, 2024

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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